Barley damaged in hail storm south of High River, Calgary, on Monday, July 30.
November futures touched £200/t during the week and stood at £192.25/t at lunchtime on Friday.
On the same day, the AHDB estimated wheat yields at 5-8% below the five-year average of 8.2t/ha. This would give a harvest of 13.3-13.7m tonnes, the lowest for five years.
With the GB winter wheat harvest estimated at about 25% complete, there is caution around the figures.
Comment: Farmers are facing an endless torrent of weather related disasters, from brutal cold and record breaking rainfall that delay planting, devastating drought that lead to lower yield, or destructive hail and early frost that completely decimate the crop:
- Unprecedented drought in the Korea's kills 29 people, millions of livestock and decimates crops
- Erratic seasons and extreme weather devastating crops around the world
- Floods Everywhere: Europe Battered By Sheets Of Rain, Hail and Thunderstorms
- Hail damage to croplands in South Dakota so immense it can be imaged from space
- Italian farmers predict crop shortage because of heavy rains while El Niño causes Peru's grape exports to drop 11%
- 70% crop losses due to extreme weather in Australia
- Unusually cold winter and spring have Koreans worried about rocketing food costs
Also check out SOTT's monthly documentary: SOTT Earth Changes Summary - June 2018: Extreme Weather, Planetary Upheaval, Meteor Fireballs